ArcelorMittal announces deal for Bekaert's subsidiary at Sumar ...Thu, 22 Jun 2017 22:07:00 GMT
ArcelorMittal, the largest steelmaker in the world and in Brazil, and the Bekaert Group, the world leader in steel wire conversion and coating technology, reached agreement on the acquisition by ArcelorMittal of Shares of Bekaert's subsidiary in Suma.....more
ArcelorMittal and Bekaert close steel wire deal in Brazil worth ...Thu, 22 Jun 2017 14:49:00 GMT
Bekaert Group and steelmaker ArcelorMittal closed a transaction to integrate Bekaert's formerly wholly-owned steel cord subsidiary in the Brazilian city of Sumare into the Belgo Mineira Bekaert Artefatos de Arame (BMB) partnership, the companies announced ...
JSW Steel sets up team to oversee GST implementationThu, 22 Jun 2017 00:00:00 GMT
Sajjan Jindal-led JSW Steel has put in place a dedicated team to oversee smooth adoption of the GST regime across its plants and outlets
News from around the APAC region, June 22.Wed, 21 Jun 2017 16:56:00 GMT
Opened in 2006, the resort was being managed by Kunming Iron & Steel Group, one of Chinas largest state ... and 45 minutes from the Panzhihua Airport. Hind Group Sells Boutique Hotel Naumi Liora in Chinatown, Singapore Hind Group is selling Naumi ...
Dry bulk CEOs offer mixed view of second halfWed, 21 Jun 2017 14:25:00 GMT
... eagerly anticipates the ramp up in iron exports from Vales S11D iron ore mine, which started up earlier this year. Likewise, BHP Billiton is expected to restart the Samarco iron ore mine next year. Vale contracted for some of its iron ore export ...
Mideast May direct reduction iron producers' output trends mixed: ...Wed, 21 Jun 2017 05:53:00 GMT
Qatari DRI output of 219,000 mt, and Saudi Arabian producer Hadeed's 400,000 mt marked falls both against ... improving indicative fundamentals with regional spot prices of rebar steel, merchant pig iron and ferrous scrap in May. The analysis uses fised ...
Nucor Corporation (NUE) Rating Lowered to Sell at BidaskClubWed, 21 Jun 2017 01:02:43 GMT
NUE has been the topic of several other reports. Barclays PLC reaffirmed a buy rating and set a $68.00 price target on shares of Nucor Corporation in a research note on Thursday, April 20th.
Disappearing CNG metro buses frustrate commutersTue, 20 Jun 2017 19:34:00 GMT
KARACHI: The compressed natural gas (CNG) buses of the Karachi Metropolitan Corporation (KMC), Green Metro Bus Service, have almost disappeared from the route of Kaimari to Pakistan Steels residential area of Gulshan-i-Hadeed via Sharea Faisal.
Redcliff cement plant recruits 100 workersTue, 20 Jun 2017 17:37:00 GMT
The new cement firm has brought a refreshing feel to the deathly silence and faltering industrial face of Redcliff since the collapse of Zisco Steel in 2008. On average Zimbabwe consumes about 1,14 million tonnes of cement per year and producers have to ...
Steel Market is expected to reach USD 1.01 trillion by 2025Tue, 20 Jun 2017 16:15:00 GMT
Hamriyah Steel FZC, Al Nasser Industrial Enterprises LLC, United Iron & Steel Co., Al Ghurair Iron & Steel Co., Al Rajhi Steel, Absal Steel, ArcelorMittal, Hadeed (SABIC), and Solb Steel Company among others
U.S. Steelmakers Gain as Trump Readies Bold Action' on ImportsMon, 19 Jun 2017 21:07:19 GMT
American steelmakers rallied on Monday as Commerce Secretary Wilbur Ross confirmed that President Donald Trump intends to take bold action to address national-security risks presented by steel imports. Nucor Corp., U.S. Steel Corp. and AK Steel Holding Corp. all rose the most in at least a week as Ross indicated in an interview with Bloomberg Television that Trump is inclined to take major steps to protect the industry.
Iron Ore: Citi Cuts Forecasts, Warns Prices Will Fall below $50 ...Mon, 19 Jun 2017 08:21:00 GMT
Citi is the latest bank to take aim at iron ore, forecasting prices will fall below $50 a tonne by the end of the year as it downgradedFortescue Metals Group (FMG.AU) to sell. Iron ore has been smashed since reaching a high of roughly $95 a tonne in February amid concerns about new sources of supply, like Hancock Prospecting's Roy Hill, and hefty Chinese stockpiles of the steel making ingredient. Iron ore last traded around $56 a tonne.
Amplats' exit from Brazil platinum prospect sparks London listingMon, 19 Jun 2017 06:24:00 GMT
JOHANNESBURG (miningweekly.com) The withdrawal of South Africas Anglo American Platinum (Amplats) from a platinum group metals (PGM) project in Brazil has opened the ... The agreement, reached with the United Steel Workers of America, International ...
Iran produces over 6m tons of iron ore concentrates in two monthsSun, 18 Jun 2017 17:00:00 GMT
Based on IMIDRO report, six major domestic mining companies produced ... The plant owned by Khorasan Steel Complex Company will have a capacity to produce 2.5 million metric tons of pellet feed grade iron ore concentrate per year.
Iran exports over $1b of mine products in two monthsSun, 18 Jun 2017 07:43:00 GMT
The MoUs envisage joint investments in steel production in southern Iran in an area stretching ... In the ventures, Italy's Danieli will hold a 60-percent stake while IMIDRO will take 40 percent, Karbasian added. The Italians are also about to partner ...
Constituents livid as Zanu MP unseen in yearsSat, 17 Jun 2017 11:49:00 GMT
Redcliff is amongst the country poorest urban constituencies. With a population of over 30 000 inhabitants, Redcliff, the once vibrant town which relied mostly on Zisco Steel, is now a ghost town. Former Zisco Steel workers who were retrenched last year ...
Grand Mercure announces its first hot spring resort in SichuanFri, 16 Jun 2017 18:15:00 GMT
Following our successful partnership with Kunming Iron and Steel Group the resorts current manager ... Rich in natural resources, Panzhihua is renowned as the National Health City with its mild weather and ample sunshine.
Nucor - Adding On The DipFri, 16 Jun 2017 17:22:37 GMT
With an earnings yield coming in at 8% and potential drivers to push earnings higher going forward, I am buying this dip in this well-run company. Nucor announced second-quarter guidance that fell short of expectations, after those expectations had risen substantially in recent times.
U.S. Steel: Here We Go AgainFri, 16 Jun 2017 01:39:47 GMT
Prominent U.S. Steel bear Gordon Johnson is out with a new note explaining why he sees further trouble ahead for the U.S. steel company. Less than three months ago, United States Steel was flying high as investors bet that President Donald J. Trump's pro-America policies would provide a boost for U.S. steel makers , Steel Dynamics , and Nucor also benefited from this dynamic).
New BHP chair's packed careerThu, 15 Jun 2017 23:18:00 GMT
Mr MacKenzie's appointment comes as BHP struggles to emerge from a period of turmoil: the 2015 dam collapse at its Samarco joint venture iron ore project in Brazil that killed 19 people; criticism of the company's costly investments in US shale oil ...
Number of news reports: 20